Kyodo Printing Co., Ltd. announces an Equity Buyback for 450,000 shares, representing 5.69% for ¥1,200 million.
November 08, 2023 at 01:00 am EST
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Kyodo Printing Co., Ltd. (TSE:7914) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 5.69% of its issued share capital (excluding treasury stock), for ¥1,200 million. The purpose of the program is to improve shareholder returns by executing a flexible capital policy according to the business environment and improving capital efficiency.
The program will run until May 31, 2024. As of September 30, 2023, the company had 7,905,898 shares in issue (excluding treasury stock) and 464,102 shares in treasury.
Kyodo Printing Co., Ltd. is a Japan-based company primarily engaged in the plate making, printing, bookbinding, as well as other related incidental businesses. The Company operates in three business segments. The Information Communication segment is engaged in periodicals business, books business, general commercial printing and related services. The Information Security segment is engaged in business forms business, securities printing business, cards business and related services. The Living & Industrial Materials segment is engaged in metal printing business, tubes, paper containers business, flexible packaging business and building materials business. The other businesses include logistics business, insurance handling business and real estate management business.
KYODO PRINTING CO., LTD. 
